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Full-Text Articles in Law

Sff Auction 2013, University Of Michigan Law School Mar 2013

Sff Auction 2013, University Of Michigan Law School

Event Materials

Program for the March 21, 2013 Student Funded Fellowships Auction.


Should Angel-Backed Start-Ups Reject Venture Capital?, Darian M. Ibrahim Jan 2013

Should Angel-Backed Start-Ups Reject Venture Capital?, Darian M. Ibrahim

Michigan Business & Entrepreneurial Law Review

The conventional wisdom is that entrepreneurs seek financing for their high-growth, high-risk start-up companies in a particular order. They begin with friends, family, and “bootstrapping” (e.g., credit card debt). Next they turn to angel investors, or accredited investors (and usually ex-entrepreneurs) who invest their own money in multiple, early-stage start-ups. Finally, after angel funds run dry, entrepreneurs seek funding from venture capitalists (VCs), whose deep pockets and connections lead the startup to an initial public offering (IPO) or sale to a larger company in the same industry (trade sale). That conventional wisdom may have been the model for start-up success …


Incubator Cities: Tomorrow's Economy, Yesterday's Start-Ups, Abraham J.B. Cable Jan 2013

Incubator Cities: Tomorrow's Economy, Yesterday's Start-Ups, Abraham J.B. Cable

Michigan Business & Entrepreneurial Law Review

Venture development funds (“VDFs”) are products of state and local government law that use public funds to invest in local start-ups, in the hope that these companies will then attract venture capital investment. Existing analysis by legal scholars largely assumes that establishing a private venture capital market is essential to encouraging entrepreneurship. This article challenges that assumption. It argues that VDFs and other policies focused on encouraging venture capital are outmoded and inconsistent with the ultimate economic development goals of state and local governments. In many industries, entrepreneurs can now get by with less capital because the cost of developing …


Does Agency Funding Affect Decisionmaking?: An Empirical Assessment Of The Pto, Michael D. Frakes, Melissa F. Wasserman Jan 2013

Does Agency Funding Affect Decisionmaking?: An Empirical Assessment Of The Pto, Michael D. Frakes, Melissa F. Wasserman

Vanderbilt Law Review

This Article undertakes the first attempt to causally investigate the influence of funding on the United States Patent and Trademark Office's ("PTO") decisionmaking. More specifically, this Article studies the influence of the PTO's budgetary structure on the most important decision made by the Agency: whether or not to grant a patent. It begins by setting forth a theoretical model predicting that certain elements of the PTO's fee schedule, such as issuance and maintenance fees, which are only collected in the event that patents issue, create incentives for the PTO to grant additional patents. Using a rich database of previously unavailable …


Reporting That Silly $4bn Climate Funding Gaffe, Marcus O'Donnell Jan 2013

Reporting That Silly $4bn Climate Funding Gaffe, Marcus O'Donnell

Faculty of Law, Humanities and the Arts - Papers (Archive)

My colleague David Holmes pointed out that the reporting on climate issues has been scant during this election.

This could change after today’s release of a report from the Climate Institute, based on modelling from Sinclair Knight Merz/MMA and Monash University’s Centre of Policy Studies.

The report found that the coalition’s Direct Action Plan would not achieve its target of 5% reduction in emissions by 2020 unless they spent a further $4.07bn. Based on the coalition’s currently projected expenditure, the report estimated emissions would rise by 9%.


Promises To Keep: Ensuring The Payment Of Americans' Pension Benefits In The Wake Of The Great Recession, Kenneth G. Dau-Schmidt Jan 2013

Promises To Keep: Ensuring The Payment Of Americans' Pension Benefits In The Wake Of The Great Recession, Kenneth G. Dau-Schmidt

Articles by Maurer Faculty

In this essay, I examine the problem of designing a pension plan within the context of our larger public policy of encouraging workers to save for retirement. I discuss the various problems and risks inherent in encouraging workers to adequately save for retirement, invest those assets efficiently, and ensure the planned level of retirement consumption for the remainder of their lives. I also discuss the three major types of pension plans in the American retirement system, defined benefit, defined contribution, and hybrid, and assess how well each of these types of plans deals with the problems encountered in designing a …


Providing Dispute Resolution Expertise To The Community, Rishi Batra Jan 2013

Providing Dispute Resolution Expertise To The Community, Rishi Batra

Faculty Articles

As schools and other public institutions struggle for funding, law schools and their students have new opportunities to fill unmet needs by providing consulting expertise in facilitation and dispute resolution. Such partnerships can provide valuable service for the institutions while giving students a chance to apply their skills to issues in nearby communities.


High Court To Consider Global Aids Funding Restrictions, Arthur S. Leonard Jan 2013

High Court To Consider Global Aids Funding Restrictions, Arthur S. Leonard

Other Publications

No abstract provided.


Congress Underestimated: The Case Of The World Bank, Kristina Daugirdas Jan 2013

Congress Underestimated: The Case Of The World Bank, Kristina Daugirdas

Articles

This article challenges the oft-repeated claim that international organizations undermine democracy by marginalizing national legislatures. Over the past forty years, Congress has established itself as a key player in setting U.S. policy toward the World Bank. Congress has done far more than restrain executive branch action with which it disagrees; it has affirmatively shaped the United States’ day-to-day participation in this key international organization and successfully defended its constitutional authority to do so.